Value of a Preferred Stock If a Preferred Stock from Ecology

question 76

Multiple Choice

Value of a Preferred Stock If a preferred stock from Ecology and Environment,Inc.(EEI) pays $2.50 in annual dividends,and the required return on the preferred stock is 5.8 percent,what's the value of the stock?

• A)$0.15
• B)$0.43
• C)$14.50
• D)$43.10

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Definitions:

Women's Suffrage

The right of women to vote in elections, achieved through a long struggle and culminating in the United States with the 19th Amendment in 1920.

Philippine War

American military campaign that suppressed the movement for Philippine independence after the Spanish-American War; America’s death toll was over 4,000 and the Philippines’ was far higher.

Filipino Independence

The state of being free from Spanish, American, and Japanese rule, officially recognized for the Philippines on July 4, 1946.

Women's Era

A period during the late 19th and early 20th centuries characterized by significant advancements in women's rights, including suffrage and increased participation in public life.